MERRIMACK HOUSING CORPORATION (EIN 223215740) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

JEAN YANG

Phone

6174411800

Tax Period

2024-07-01 to 2025-06-30

MERRIMACK HOUSING CORPORATION, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $152K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $190K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE LOW-INCOME DISABLED INDIVIDUALS WITH HOUSING IN A SPECIALLY DESIGNED ENVIRONMENT TO MEET THEIR NEEDS AND PROMOTE HEALTH, HAPPINESS AND SECURITY ON A NON-PROFIT BASIS SUFFICIENT TO MAINTAIN AND OPERATE THE HOME.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $151,946

Investment Income $290

Other Revenue $0

TOTAL REVENUE $152,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $147,509

Other Expenses $190,093

TOTAL EXPENSES $190,093

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,236	$162,719	-0.1%
Expenses	$190,093	$161,356	+0.2%
Net Income	$-37,857	$1,363	-28.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$926,981

Total Directors

$926,981

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN YANG	DIRECTOR, PRESIDENT	0.50	Officer Director	$0	$18,718	$597,779
ANNETTE KOVAMEES	DIRECTOR, TREASURER & CLERK	0.50	Officer Director	$0	$42,772	$329,202
PHILIP A MASON	DIRECTOR	0.10	Director	$0	$0	$0
PAUL ZINTL	DIRECTOR	0.10	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$152,236	$190,093	$1,492,563	$-37,857
2024	No data	No data	No data	No data
2023	$143,623	$161,739	$1,519,773	$-18,116
2022	$163,901	$160,531	$1,530,662	$3,370
2021	$147,115	$138,490	$1,468,780	$8,625
2020	$169,097	$139,636	$1,421,864	$29,461
2019	$163,521	$137,399	$1,361,489	$26,122
2018	$162,712	$177,866	$1,289,600	$-15,154

MERRIMACK HOUSING CORPORATION